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Gelion PLC ( (GB:GELN) ) has shared an announcement.
Gelion PLC has announced a retail offer to raise up to £500,000 through the issuance of new ordinary shares via the Winterflood Retail Access Platform. This initiative is part of a broader fundraising effort, which includes a placing and subscription to raise approximately £10 million. The funds raised will support the company’s strategic initiatives, with the retail offer providing an opportunity for both new and existing UK retail shareholders to participate. The offer is contingent on shareholder approval and the admission of new shares to the AIM market of the London Stock Exchange.
More about Gelion PLC
Gelion PLC is a global innovator in the energy storage industry, focusing on the development and distribution of advanced energy storage solutions. The company is known for its innovative technologies aimed at enhancing energy storage capabilities, catering primarily to the renewable energy sector.
Average Trading Volume: 87,963
Technical Sentiment Signal: Buy
Current Market Cap: £43.33M
For an in-depth examination of GELN stock, go to TipRanks’ Overview page.